Grant of Phantom Shares. The Company hereby grants the Grantee Phantom Shares. The Phantom Shares are subject to the terms and conditions of this Agreement, and are also subject to the provisions of the Plan. The Plan is hereby incorporated herein by reference as though set forth herein in its entirety.
Grant of Phantom Shares. As of the Grant Date (identified in Section 12 below), Xxxxxx Petroleum Company (the “Company”), hereby grants ______ Phantom Shares (“Phantom Shares”) to the Grantee identified above, a key employee of the Company, subject to the terms and conditions of this agreement (the “Agreement”) and the Xxxxxx Petroleum Company 2011 Omnibus Incentive Plan, as amended (the “Plan”). The Plan is hereby incorporated in its entirety into this Agreement by this reference. This Agreement is an Incentive Agreement as described in the Plan.
Grant of Phantom Shares. The target amount of Phantom Shares granted pursuant to this Agreement is Phantom Shares (the “Target Amount”); provided that the Grantee has the opportunity to earn up to [2X] Phantom Shares (the “Maximum Amount”) based upon achievement of performance goals and the terms and conditions described herein. As further described herein, 50% of the Target Amount (the “Absolute TSR Target Shares”) will vest based on the Company’s total shareholder return for a three-year period, and 50% of the Target Amount (the “Relative TSR Target Shares”) will vest based on the Company’s total shareholder return compared to the total shareholder return of the peer group companies listed on Appendix 1 to Exhibit A attached hereto (the “Peer Group Companies”) for a three-year period. The Phantom Shares are subject to the terms and conditions of this Agreement and are also subject to the provisions of the Plan. The Plan is hereby incorporated by reference as though set forth herein in its entirety.
Grant of Phantom Shares. (a) The Phantom Shares are subject to the terms and conditions of this Agreement and are also subject to the provisions of the Plan. The Plan is hereby incorporated by reference as though set forth herein in its entirety.
Grant of Phantom Shares. The target amount of Phantom Shares granted pursuant to this Agreement is [X] Phantom Shares (the “Target Amount”); provided that the Grantee has the opportunity to earn up to [2X] Phantom Shares (the “Maximum Amount”) based upon achievement of performance goals and the terms and conditions described herein. The Phantom Shares are subject to the terms and conditions of this Agreement and are also subject to the provisions of the Plan. The Plan is hereby incorporated by reference as though set forth herein in its entirety.
Grant of Phantom Shares. Effective as of the Effective Date, the Company ----------------------- shall establish a bookkeeping account for the Executive (the "Account"), to which it shall from time to time credit hypothetical shares (the "Phantom Shares") of the common stock of the Company (the "Shares"). The initial number of Phantom Shares (which may include a fraction) credited to the Account shall equal the number of shares and fractions thereof determined by dividing (x) $_____ (the "Initial Value") by (y) the initial public offering price of the Shares.
Grant of Phantom Shares. The Company hereby grants to the Participant the number of Phantom Shares set forth in the Certificate. Each Phantom Share is the economic equivalent of a share of common stock of the Company, par value $0.01 per share Common Stock (“Share”), subject to limitations as set forth herein.
Grant of Phantom Shares. Pursuant to the terms of this letter, you are hereby granted in exchange for awards granted but not yet paid to you ("Old Awards") under the Company's Long Term Incentive Plan (the "Plan"), effective as of the date of effectiveness of the Company's registration statement for its initial public offering (the "Date of Issuance"), the number of Phantom Shares set forth on Exhibit A attached hereto, divided among the 1995 Award, the 1996 Award and the 1997 Award (the "Grant"). Each Phantom Share shall represent an unsecured contractual right to receive, on the relevant date set forth below, cash in an amount equal to the Fair Market Value of the Phantom Share as of such date. By signing this Letter, you hereby waive all of your rights and claims under and with respect to the Plan and the Old Awards.
Grant of Phantom Shares. Subject to the restrictions and other conditions set forth herein, the Committee hereby grants to the Participant phantom shares (the “Phantom Shares”) as of the Grant Date. Each Phantom Share is an Other Share-Based Award under the Plan that represents an unfunded, unsecured right of the Participant to receive an amount in cash (the “Settlement Amount”) per Phantom Share equal to the Average Closing Price of a Common Share on the Vesting Dates specified in Section 2 herein. [The Participant agrees to execute, on or before , the fair competition agreement (the “FCA”) between the Participant and the Company (or other entity designated by the Committee in the form provided to the Participant in connection with this grant, and if the Participant does not execute the FCA prior to such date, all Phantom Shares shall be forfeited on such date without compensation.]
Grant of Phantom Shares. As of the Grant Date, the Company hereby grants to the Employee Phantom Shares pursuant to the Company’s 2003 Stock Incentive and Compensation Plan (the “Plan”). The Phantom Shares do not include rights with respect to voting or dividends or distributions made with respect to shares of the Company’s stock.
